In acceptance sampling, the risk of rejecting a good quality lot is known as
A)consumer's risk
B)producer's risk
C)a Type II error
D)None of the other answers is correct

Question

Quizplus · Accepted Answer

The risk of rejecting a good quality lot in acceptance sampling is known as producer's risk. This is because the producer or supplier of the lot is at risk of having to pay for additional inspection or even reject the lot, which can result in lost revenue and damage to their reputation.

In Acceptance Sampling, the Risk of Rejecting a Good Quality